A Tale of Two Hotels: The Automation Edition

In recent years, the hotel revenue management industry has seen a swift transformation – moving past filling as many rooms as possible to approaching their revenue strategies from a more holistic viewpoint. The fruits of today’s sophisticated technology have allowed hotels to quickly and efficiently digest large volumes of data to make more informed decisions […]

https://ideas.com/tale-two-hotels-automation-edition/

Four Considerations for Developing Your Pricing Strategy

Hotels devote large portions of their revenue management strategies around developing and implementing the right pricing structure for their property and market. But establishing the right pricing structure isn’t a one-off activity – and with the hotel’s bottom line depending heavily on revenue generated from the implementation of an proper pricing strategy, it is critical […]

https://ideas.com/four-considerations-developing-pricing-strategy/

Decisions vs. Recommendations: It’s all in the Name

In today’s world of innovative technology, it’s interesting to think about the automated outputs of our industry’s revenue management systems. In fact, a recent conversation around a colleague’s experience with international airport security keeps replaying in my mind: Security: “What are you here for? “ Colleague: “Work meetings. “ Security:  “Who do you work for? […]

https://ideas.com/decisions-vs-recommendations-name/

The Wheel of Revenue Management Analytics

There’s a popular television game show called “Wheel of Fortune” that features enthusiastic contestants solving word puzzles by guessing one alphabet letter at a time. Each word puzzle is classified under a specific category name that gives the players a further clue to uncovering the round’s hidden phrase. A popular category in the game, called […]

https://ideas.com/revenue-managements-wheel-of-analytics/